European currency goes down

At the beginning of the week, we look at the fundamental background. We will consider the upcoming week as well as the main strategies and ideas, moods on trading platforms.

This week, we expect a telephone conversation between President of the United States of America Donald Trump and the Chairman of PRC Xi Jinping. The result of this conversation will have some impact on the course of events. But the US President says that the trade war will be short and will not lead to economic regression.

September is projected to be an important month due to that fact that is planned adoption of decisions on interest rates by the Fed and the European Central Bank. It is worth mentioning that the market expects lower rates in both the first and second regulators.

Therefore, September will be hot. But some details of the prospective events can be revealed during the upcoming weeks. So, there may be unexpected jumps.

Against the backdrop of events, the European currency showed a false breakdown.

It is worth mentioning that the price of EUR fell down, reaching a point of 1.1110 - 1.1125. It makes sense to consider a long position strategy. Also, you can consider the purchase strategy and expect adjustments to increase the price to points of 1.1175 - 1.1225